Richard N. Jr. Grant Sells 2,688 Shares of inTEST Co. (NYSE:INTT) Stock

inTEST Co. (NYSE:INTT) CEO Richard N. Jr. Grant sold 2,688 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $7.48, for a total value of $20,106.24. Following the completion of the transaction, the chief executive officer now owns 162,241 shares in the company, valued at $1,213,562.68. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

inTEST Trading Up 3.0 %

inTEST stock traded up $0.23 during mid-day trading on Wednesday, hitting $7.80. 151,299 shares of the company’s stock were exchanged, compared to its average volume of 41,100. inTEST Co. has a fifty-two week low of $6.28 and a fifty-two week high of $14.35. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $96.53 million, a P/E ratio of 33.91 and a beta of 1.90. The company’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $7.78.

inTEST (NYSE:INTT) last released its quarterly earnings data on Friday, March 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, equities analysts anticipate that inTEST Co. will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On inTEST

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of inTEST during the third quarter worth about $120,000. JPMorgan Chase & Co. boosted its position in inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after acquiring an additional 11,102 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of inTEST by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock worth $957,000 after acquiring an additional 8,161 shares in the last quarter. Royce & Associates LP increased its stake in inTEST by 9.9% in the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock valued at $8,900,000 after buying an additional 110,078 shares during the last quarter. Finally, CM Management LLC increased its position in shares of inTEST by 4.3% in the fourth quarter. CM Management LLC now owns 365,000 shares of the company’s stock valued at $3,135,000 after acquiring an additional 15,000 shares during the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Northland Capmk upgraded inTEST from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 2nd. Northland Securities lifted their price objective on shares of inTEST from $13.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th.

inTEST Company Profile

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.